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Icahn commits $150m for campaign to end US ‘inversions’

Billionaire investor Carl Icahn, who describes himself politically as a centrist, pledged on Wednesday to spend at least $150m of his own money to launch a super “political action committee” to advocate for corporate tax changes.

In a memo sent to high-profile members of Congress, the 79-year-old Wall Street veteran, who heaped praise on Republican front-runner Donald Trump, urged US lawmakers to “immediately” enact legislation to block corporate tax “inversions”.